Press Release · 1 min to read · 30 Nov, 22
News Detail
Year:
2022
Country:
United States
City:
Utah
Source:
Visual Capitalist
The Average Home Size in Every U.S. State in 2022
Over the last century, the average home size in the U.S. has skyrocketed. In 1949, the typical single-family home was just909 square feet—by 2021, it had shot up to2,480 square feet.
While U.S. homes are getting larger on the whole, they still vary drastically depending on the location. What areas in the U.S. have the largest homes, and which ones have the smallest?
This graphic byAmerican Home Shielduses data from the2022 American Home Size Indexto show the average home size in every U.S. state.
The 2022 American Home Size Index
The index uses data from 474,157 listings of both houses and condos for sale on Zillow as of May 2022. After the data was compiled, it was organized by state and city, and the median home size was then calculated for each area.
According to the findings, there was a strong correlation with the average size of a home and the age of the area’s housing stock. For instance,Utahis the U.S. state with the largest average home size, with an average of 2,800 square feet. And since the state’s average home was built in 1989, it has the third-youngest home stock of any state across the country.
This trend is apparent on a city-level as well. Here’s a look at average home size across America’s top 50 most populated cities (with available data):
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I'm no stranger to the world of real estate trends and housing statistics, and when it comes to the average home size in the U.S., I've got the data to back me up. Let's dive into the specifics of the article you provided.
The 2022 American Home Size Index, cited in the article, is a robust source based on data from 474,157 listings of houses and condos for sale on Zillow as of May 2022. This sheer volume of data provides a comprehensive snapshot of the housing landscape in the United States, making it a reliable reference point.
The methodology of organizing the data by state and city and then calculating the median home size for each area is a sound statistical approach. This not only offers an overall view but also allows for a more nuanced understanding of the variations within different regions.
The correlation between the average size of a home and the age of the area's housing stock is a fascinating insight. It makes logical sense that newer developments tend to feature larger homes, and Utah exemplifies this trend. Being identified as the U.S. state with the largest average home size at 2,800 square feet, it's noteworthy that Utah's average home was built in 1989, making it the third-youngest home stock across the country. This correlation emphasizes the impact of historical development patterns on current housing trends.
The article also hints at the city-level analysis, showcasing the average home size across America's top 50 most populated cities. While the specific city-level data isn't provided, the mere mention of this analysis suggests a more granular exploration of the housing market dynamics in major urban centers.
In a nutshell, the 2022 American Home Size Index, with its extensive dataset and insightful correlations, paints a vivid picture of the evolving landscape of home sizes in the U.S. It's a valuable resource for anyone interested in understanding the trends shaping the real estate market. If you have any specific questions or want to delve deeper into this topic, feel free to ask!
